The country’s association of local government accountants and an umbrella group of over 400 public sector labor unions have joined the growing number of organizations that have expressed their full support for the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), which, they said, will put more money in people’s pockets while significantly improving revenue collections and shifting the tax burden from the poor to the rich.
Read MoreThe Department of Finance (DOF) will conduct a forum next month to heighten public awareness of, and support for, the Duterte administration’s proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) that aims to benefit 99 percent of Filipino taxpayers and help sustain the government’s accelerated spending on infrastructure, education, health and social protection programs.
Read MoreThe government can collect some P433 billion in additional revenues, representing 2.7 percent of the current Gross Domestic Product (GDP), by implementing reforms to fix inefficiencies and remove loopholes in the Bureau of Internal Revenue (BIR)’s tax policy and administration, according to the Department of Finance (DOF).
Read MoreThe government is bent on issuing national identification (ID) cards to all Filipinos that will also serve as social welfare cards to ensure the effective and targeted implementation of its social safety nets for the poorest families under the proposed Tax Reform Acceleration and Inclusion Act (TRAIN), the Department of Finance (DOF) said.
Read MoreHONG KONG—Finance Secretary Carlos Dominguez III has assured the international business community that the Duterte administration’s high–and inclusive–growth program anchored on massive investments in infrastructure and human capital is on track despite the “disruption” caused by the Marawi conflict.
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